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REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Revenue Disaggregation

Disaggregated revenue by primary geographical market and timing of revenue recognition for the Company’s single product line are as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
			(In thousands)
Primary geographical markets:
United States			$	198,712					$	417,582					$	348,686					$	890,543
International			104,746						293,536						218,111						546,591
Total			$	303,458					$	711,118					$	566,797					$	1,437,134
Timing of revenue recognition:
Products delivered at a point in time			$	272,592					$	684,122					$	505,737					$	1,385,774
Products and services delivered over time			30,866						26,996						61,060						51,360
Total			$	303,458					$	711,118					$	566,797					$	1,437,134

Summary of Contract Assets and Contract Liabilities, and Changes in Balances from Contracts with Customers

Accounts receivables, and contract assets and contract liabilities from contracts with customers, are as follows:

			June 30, 2024						December 31, 2023
			(In thousands)
Accounts receivables			$	277,475					$	445,959
Short-term contract assets (Prepaid expenses and other assets)			41,736						40,241
Long-term contract assets (Other assets)			119,644						124,190
Short-term contract liabilities (Deferred revenues, current)			123,577						118,300
Long-term contract liabilities (Deferred revenues, non-current)			353,199						369,172

Significant changes in the balances of contract assets (prepaid expenses and other assets) as of June 30, 2024 are as follows (in thousands):

Contract Assets
Contract Assets, beginning of period			$	164,431
Amount recognized			(21,225)
Increased due to billings			18,174
Contract Assets, end of period			$	161,380

Significant changes in the balances of contract liabilities (deferred revenues) as of June 30, 2024 are as follows (in thousands):

Contract Liabilities
Contract Liabilities, beginning of period			$	487,472
Revenue recognized			(61,060)
Increased due to billings			50,364
Contract Liabilities, end of period			$	476,776

Summary of Estimated Revenue Expected to be Recognized in Future Periods

Estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period are as follows:

			June 30, 2024
			(In thousands)
Fiscal year:
2024 (remaining six months)			$	62,818
2025			117,914
2026			100,983
2027			81,367
2028			60,125
Thereafter			53,569
Total			$	476,776

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- References

No definition available.

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

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